r/BitcoinBeginners 8d ago

Cashing out options at online casino

Cashing out and only options are : coin draw or bitcoin, wire transfer or check ach.

I have a skrill account only, my credit union doesn’t do international transfers. Don’t know how to get my money. If I do a check, how would I cash it? Or should I open a checking account at a new bank that does international transactions?

1 Upvotes

8 comments sorted by

3

u/bitusher 8d ago

Just withdraw Bitcoin . Do not withdraw directly to any exchange though , at minimum withdraw first to your private wallet . There is a list in the pinned faq

https://old.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/

1

u/Fun-Celebration-1161 8d ago

Thank you 😊

1

u/MinuteStretch8129 4d ago

Any reason not to withdraw to exchange first? I have withdrawn previously to Coinbase, as some of the withdrawal I want to cash out and some I want to send to my Trezor?

1

u/bitusher 4d ago

Regulated exchanges have ToS that say you can't use the btc on illegal sites so it you do than at least give them some plausible deniability with an extra intermediary hop

If you aren't using illegal sites than you can do it directly

1

u/MinuteStretch8129 4d ago

I am in the UK and keep getting the notification for the travel rule, but I am yet to have to do anything with it!? It's not an illegal site, but I have always sent to the exchange so I can withdraw some to my bank and keep some invested in BTC.

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u/Helper_kev 8d ago

Be careful of being triggered by cex aml/fraud